The article is published as part of an exclusive content-sharing agreement with neo-trans.blog .

Earlier this month, a letter was sent by an Indianapolis-area real estate developer to Cleveland Mayor Justin Bibb and City Council notifying them of its desire to develop a lakefront apartment project and their intention to seek Low Income Housing Tax Credits (LIHTC) for it.

The proposed site, 5475 N. Marginal Rd., in Cleveland’s St. Clair-Superior neighborhood, was pursued for a similarly sized apartment development in 2019 and briefly resurfaced after the peak of the pandemic . But that developer, Landmark Companies of Cleveland, couldn’t make the numbers work for a mid-market project.

So now it’s the Annex Group’s turn to try and develop a 4.28-acre vacant lot where East 55th Str

See Full Page